From Investing.com: 2024-05-17 05:16:00

Gold prices corrected from a three-week high as the US dollar rebounded, impacting XAU negatively. Despite lower jobless claims data, focus is on potential rate cuts. Inflation reports show deceleration with no change in Fed’s stance. Some are skeptical of gold price growth due to the historical gold-US dollar relationship. Euro declines from a two-month high as US import prices rise. EUR/USD may continue in a bullish trend with key resistance levels. Bitcoin corrects but remains bullish. Institutional investors show interest in spot Bitcoin ETFs, hinting at market potential. Crypto market awaits regulatory developments. Key levels for Bitcoin are 64,800 and 66,400.



Read more at Investing.com: Gold Corrects From 3-Week High; Euro Declines as US Import Prices Rise